Palmetto Bancshares, Inc. operates as a bank holding company for The Palmetto Bank that provides retail and commercial banking, and wealth management services to individuals and small to mid-size businesses in northwest South Carolina. It offers consumer banking services, including checking accounts and savings accounts; and noninterest-bearing deposits, and interest-bearing deposits. The company also provides loans for corporate purposes, including financing industrial and commercial properties, construction related to industrial and commercial properties, equipment, inventories and accounts receivable, and acquisition financing; and overdraft facilities, installment and real estate loans, residential first mortgage loans, home equity loans and lines of credit, and automobile loans, as well as credit cards. In addition, it offers cash management products and merchant services through a third party referral arrangement; and Internet banking and bill payment services, automated teller machines (ATMs), drive-in and night deposit services, and safe deposit facilities services. Further, the company provides trust, investment, agency, insurance, and custodial services that comprise the administration of estates and personal trusts, as well as the management of investment accounts for individuals, employee benefit plans, and charitable foundations; and brokerage services relating to stocks, treasury, corporate and municipal bonds, mutual funds, and insurance annuities, as well as college and retirement planning. As of September 30, 2012, it operated 25 branches; 27 ATMs; and 6 limited service branches locations in the 9 counties of Abbeville, Anderson, Cherokee, Greenville, Greenwood, Laurens, Oconee, Pickens, and Spartanburg. The company was founded in 1906 and is headquartered in Greenville, South Carolina.